Dredging firm rebounds after ₹303 crore port order
Knowledge Marine & Engineering Works secured a ₹303.17 crore, three-year maintenance dredging contract from New Mangalore Port Authority, its largest order to date. Shares closed at ₹3,095 on 30 Oct 2026, while an upcoming share split remains another near-term event.
after close1 source ↓machine-written, see hownot a recommendation
- KMEW close
- ₹3,095
- On the day
- +0.18%
- 52-week high
- ₹3,759
- 52-week low
- ₹1,409
Knowledge Marine & Engineering Works rebounded on Monday after securing its largest dredging contract to date from New Mangalore Port Authority. The three-year maintenance dredging order is valued at ₹303.17 crore, including taxes, and covers work across FY 2026–27, FY 2027–28 and FY 2028–29. The contract involves dredging 15.9 million cubic metres, or an average of 5.3 million cubic metres annually.
The work is scheduled to begin on 15 Nov 2026, with each year’s dredging programme to be completed within 150 days. The order adds multi-year revenue visibility for the infrastructure and port-services business, while its scale could support capacity utilisation and execution momentum in the dredging segment ⚓. The contract was awarded through a letter of acceptance from the port authority, and the company said it represented the largest order in its history.
OI Charts data showed the shares closed at ₹3,095 on 30 Oct 2026, up 0.18% for the session, with volume of 172,326. The stock gained 7.6% over 20 sessions, although it was down 0.8% over five sessions. It remained below its 52-week high of ₹3,758 recorded on 16 Dec 2025 and well above its 52-week low of ₹1,409 from 23 Mar 2026. The recent rebound therefore came against a broader short-term consolidation rather than a fresh 52-week high.
Order value ₹303.17 cr is the immediate operating catalyst, but execution remains the next measurable trigger. Traders will track the start of work on 15 Nov 2026, annual completion within the 150-day schedule, and any exchange filing on contract progress or revenue recognition. The company is also scheduled to undergo a share split later this week. The ex-split date and the announced split terms will determine when the adjusted trading price and revised share count take effect; no split ratio was provided in the available report.
For the port and marine-infrastructure segment ⚙️, the award highlights continuing demand for maintenance dredging linked to port operations. The stock’s performance around the ex-split date, traded volume and subsequent disclosures on execution will show whether the order translates into sustained market interest.
Source: Business Today, 02 Nov 2026
Not investment advice. For informational purposes only.